Monthly Archives: May 2014
Yusko Hedge Fund Bets On ‘Cheap’ Russia
ETF.com – The sell-off of momentum stocks in the first quarter as well as rising tensions in Ukraine were recipes for a volatile start to 2014 that caught retail investors and the smart-money crowd, including hedge funds, off guard. However, […]
High-paying hedge fund swoops on Credit Suisse derivatives chief
EFC – Mathias Berenger, managing director and head of European vanilla options trading at Credit Suisse has left to join high-paying hedge fund Capula Investment Management. Berenger, a derivatives trading veteran who has been in the sector since 1996, joined […]
Fund of hedge funds face fight for cash with consultants
Reuters – Funds that invest in a range of hedge funds are facing a battle to win new business, as the same consultants they court to win money from pension firms are grabbing a chunk of an industry that was […]
PDP Capital Hedge Fund Manager pleads guilty to Wire Fraud
New York (HedgeCo.net) –Hedge Fund Manager and former Penn State tight end, Paul Pomfret has pleaded guilty to wire fraud and faces up to 20 years in jail. The Palm Beach-based hedge fund, PDP Capital has several legal battles starting […]
Credit crunch casualty Eckert plots hedge fund reincarnation
Reuters – As comebacks go, it’s one of the more ambitious. Fred Eckert – the hedge fund manager who lost $250 million of his own money, saw his firm go bankrupt in the credit crisis, went through a divorce and […]
Ex-SAC Hong Kong trader readies hedge fund to bet on price swings
(Reuters) – Miaodan Wu, a former portfolio manager at billionaire Steven A. Cohen’s hedge fund SAC Capital Advisors, is preparing to launch his own hedge fund in Hong Kong to bet on price swings in financial securities, people familiar with […]
NYC Pension Chief Seeks $500,000 Managers Not Wall Street
Bloomberg – New York City’s $140 billion retirement system pays Wall Street money managers about $360 million a year, the only one of the 11 biggest U.S. public-worker pensions that refuses to manage any assets internally. Larry Schloss, the city’s […]
European Institutional investors shy away from Hedge Fund investments
New York (HedgeCo.net) – This month’s edition of Preqin’s Hedge Fund spotlight shines some light on a change in European investor’s appetite for Hedge Fund investments. Among allocators who invest more than $1 billion in Hedge Funds, 24% came from […]
Two Things You Should Know If You Want To Be Real About Hedge Funds
Hedge funds are known for being high powered, high performing financial firms that employ the smartest people and command the top of top dollar for their services. So it’s important to keep up with what they’re doing. This morning, two […]
Funds of hedge funds resurgent, says Optima founder Dixon Boardman
HedgeWeek – The fund of hedge fund business is strong and is regaining momentum and America is leading the way, says Dixon Boardman, founder of Optima Fund Management. Boardman cites figures from Hedge Fund Intelligence noting that in 2012 North […]
Risk Aversion Puts Hedge Funds Behind S&P 500
Bloomberg – Hedge funds are paying a price for being too hesitant to buy stocks in the midst of a four-year bull market, according to Barry Ritholtz, FusionIQ’s chief executive officer. As the CHART OF THE DAY shows, Hedge Fund […]
Here is What Hedge Funds Think About The Hershey Company (HSY)
Insider Monkey – Is The Hershey Company (NYSE:HSY) the right pick for your portfolio? Hedge funds are taking a pessimistic view. The number of long hedge fund positions were trimmed by 2 in recent months. If you’d ask most stock […]